NBTC OKAYS SPECTRUM ALLOCATION FOR IOT
The board of the National Broadcasting and Telecommunications Commission (NBTC) yesterday resolved to allocate the spectrum band of the 920-925MHz range to facilitate the Internet of Things (IoT) service, according to secretary-general Takorn Tantasith.
It has also approved the allocation of the bands in the range between 800MHz/900MHz and 400MHz for the provision of railway communication service under the condition that the bands must be utilised within 2021. Otherwise, the allocations will be cancelled.
The band in the range between 800MHz/900MHz is currently occupied by Total Access Communication until September 15, 2018 under a concession from CAT Telecom. While the 400MHz is being used for radio communication service.
The board has also approved to hold public hearings on the three draft regulations related to the allocation of 920-925MHz for IoT use. IoT refers to everyday physical objects connected to the Internet and be able to identify with other devices.
BLOCKCHAIN L/G SERVICE
Kasikornbank (KBank) has developed its Letter of Guarantee (L/G) service in the L/G market worth Bt1.35 trillion with the introduction of the world’s first blockchain-based L/Gs. Four state enterprises and private businesses have participated in the development of this innovation, which is aimed at an increase in L/G issuance via electronic channel to 35 per cent at the end of next year.
KBank president, Pipit Aneaknithi, said the blockchain technology is applied to create highly secure networks of document filing and retrieval of the 4.0 era. It has already induced a business turnaround in many industries, via enhancement of documentary efficiency. Taking L/G service as an example – L/Gs in the Thai economy issued by banks are very large in number as state enterprises and large corporations require them to ensure the business reliability of their trade partners.
